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Informist, Friday, Oct. 17, 2025

 

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--JSW Steel Jul-Sept consol net profit INR 16.23 bln
--Analysts saw JSW Steel consol net profit at INR 17.81 bln
--Analysts saw JSW Steel consol revenue at INR 444.74 bln
--JSW Steel Jul-Sept consol revenue INR 451.52 bln
--JSW Steel Jul-Sept consol net profit INR 16.23 bln vs INR 4.39 bln year ago
--JSW Steel Jul-Sept consol revenue INR 451.52 bln vs INR 396.84 bln year ago
--JSW Steel Q2 consol total expenses INR 430.04 bln vs INR 386.44 bln yr ago
--JSW Steel Apr-Sept consol net profit INR 38.07 bln vs INR 12.84 bln yr ago
--JSW Steel Apr-Sept consol revenue INR 882.99 bln vs INR 826.27 bln yr ago
--JSW Steel Jul-Sept consol reported EBITDA INR 71.15 bln vs INR 54.37 bln
--JSW Steel Jul-Sept consol adjusted EBITDA per tn INR 10,701 vs INR 9,256
--JSW Steel spent INR 31.35 bln on capex Jul-Sept, INR 65.35 bln in Apr-Sept
--JSW Steel plans to spend INR 200 bln on capex in FY26
--JSW Steel: Expect FY26 consol production at 30.5 mln tn, sales 29.2 mln tn
 

 

By Rajesh Gajra

 

NEW DELHI – JSW Steel Ltd. reported a strong earnings performance in the September quarter, with growth in net profit rising to a 7-quarter high and revenue to a 12-quarter high. The company met the Street's expectations on its top-line growth but missed the view on net profit.

 

The consolidated net profit of the largest steel manufacturer in the country, in terms of installed annual production capacity, jumped 3.7 times to INR 16.2 billion in the September quarter. Analysts had expected the net profit to be INR 17.8 billion. The revenue from operations of the company was at INR 451.5 billion, above the Street view of INR 444.7 billion, and up 14% on year. Sequentially, JSW Steel's net profit was down 26% and revenue from operations was up 4.7%.

 

The company's consolidated sales volume jumped 20% on year to 7.3 million tonnes in the September quarter, while its crude steel production rose 17% on year to 7.9 million tonnes. The company guided for consolidated sales volume of 29.2 million tonnes in 2025-26 (Apr-Jun) on the back of crude steel production of 30.5 million tonnes.

 

JSW Steel's on-year earnings performance in the September quarter was also helped by a 31% jump in consolidated earnings before interest, tax, depreciation, and amortisation to INR 71.2 billion, and a 39% jump in consolidated adjusted EBITDA to INR 78.5 billion. The company said adjusted EBITDA excluded the impact of foreign currency movements on its long-term borrowings and inter-company receivables. The consolidated adjusted EBITDA per tonne rose to INR 10,701 from INR 9,256.

 

A moderate increase of 8.9% on year in cost of materials consumed to INR 239.2 billion helped the strong EBITDA growth of the company. Another key input cost item, power and fuel expenses, increased just 5.3% on year to INR 41 billion. The total expenses of the company increased 11% on year to INR 430 billion.

 

JSW Steel's consolidated capital expenditure was INR 31.4 billion in the September quarter and INR 65.4 billion in Apr-Sept. The company said it expects to spend INR 200 billion on capex in FY26.

 

JSW Steel's consolidated net profit in Apr-Sept rose nearly 3 times to INR 38.1 billion, amid a 7% increase in revenue from operations to INR 883 billion. Friday, shares of JSW Steel closed at INR 1,163.30 on the National Stock Exchange, down 0.8% from the previous close.  End

 

Edited by Saji George Titus

 

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